Renovated Two-Family
For Sale
$825,000
55-57 Frothingham Street, Lowell, MA 01852
Both residences offer three bedrooms, a sunroom, and a full bathroom.
Property Size2,942 SF
Price / SF$280.42
Days on Market14
Property Features for 55-57 Frothingham Street
General Information
Standard status
Active
Size
2,942 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Belvidere
Additional Details
Multifamily Units
2
Building Details
Year Built
1924
Buildings
1
Listing Agency:
Coldwell Banker Realty - Lowell
Listed By:
Katy Barry
(508) 572-1838
Source:
Merryfoxrealty
Added: Oct 18
Changed: Oct 28
Last Checked: Oct 30 at 6:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Lowell
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,942-square-foot duplex, built in 1924, contains two residences with matching layouts: an open living and dining area, sunroom, kitchen, full bathroom, and three bedrooms. Both kitchens and bathrooms have been rebuilt, and renovations also include electrical and plumbing systems, windows, doors, insulation, plaster, and refinished hardwood floors. Each unit has forced-air gas heat and central AC, served by two new HVAC systems. Recessed lighting is installed throughout.
The upper residence includes in-unit laundry, a front mudroom or walk-in closet, and access to an unfinished walk-up attic. Laundry for the first-floor residence is in the basement. Front and rear staircases provide access through the building, and both units have a back porch.
The upper residence includes in-unit laundry, a front mudroom or walk-in closet, and access to an unfinished walk-up attic. Laundry for the first-floor residence is in the basement. Front and rear staircases provide access through the building, and both units have a back porch.
Key Highlights
- Two‑family property with 2,942 square feet
- Each unit has three bedrooms, a sunroom, kitchen, and full bathroom
- Two new HVAC systems; both units have forced‑air gas heat and central AC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,291
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,820
$1.2M
Cap Rate 7%
$832,729
$832.7K
Cap Rate 9%
$647,678
$647.7K
Market Conditions
NOI Build-Up for 2,942 SF
Gross rent
$90.0K $30.60/SF
− Vacancy
−$6.8K −$2.30/SF
EGI
$83.3K $28.31/SF
− OpEx
−$25.0K −$8.49/SF
NOI
$58.3K $19.81/SF
Area
Lowell, MA
Vacancy
7.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,820
Cap Rate 7%
$832,729
Cap Rate 9%
$647,678
Alternative Uses
Best Use
Multifamily LT 5
$832.7K
$728.6K – $971.5K
NOI $58,291 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$749.7K
$656.0K – $874.7K
NOI $52,481 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$1.04M
$906.0K – $1.21M
NOI $72,483 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 01852, MA
36,708
Population
15,363
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
5.0 sq mi
ZIP Area
7,342
Density / Sq Mi
$77,058
Median Household Income
$48,976
Median Earnings
$1,567
Median Rent
$397,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, a sunroom, and a full bathroom.
Where is this duplex located?
The property is located at 55-57 Frothingham Street Lowell, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two‑family property with 2,942 square feet; Each unit has three bedrooms, a sunroom, kitchen, and full bathroom; Two new HVAC systems; both units have forced‑air gas heat and central AC
